Tag Archives: resolution

Commercial wisdom of CoC is not subject to adjudicating authority purview: SC

In a landmark ruling, the Supreme Court of India clarified that commercial wisdom of the committee of creditors is not subject to the adjudicating authority or the appellate authority’s purview under the Insolvency and Bankruptcy Code. “The NCLAT judgment which … Continue reading

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IBBI strengthens its Due Diligence Framework under IB Code, 2016: Govt.

Insolvency and Bankruptcy Board of India (IBBI) has amended its Corporate Insolvency Resolution Process Regulations to ensure that as part of due diligence, prior to approval of a Resolution Plan, the antecedents, credit worthiness and credibility of a Resolution Applicant, … Continue reading

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IBBI notifies Fast Track Insolvency Resolution Process

The Insolvency and Bankruptcy Board of India (IBBI), in exercise of its powers conferred by sections 58, 196 and 208 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (Code), has notified the Insolvency and Bankruptcy Board of … Continue reading

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Arbitration and Conciliation (Amendment) Ordinance, 2015: Govt.

The President of India has promulgated the Arbitration and Conciliation (Amendment) Ordinance, 2015 (“Ordinance”). The Ordinance amends the provisions of Arbitration and Conciliation Act, 1996 (“Act”). http://goo.gl/U5BxeC The salient features of the amendments are as under: (i) In order to … Continue reading

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Postal ballot voting not applies to court-convened meetings: BHC

In one of the first rulings dealing with interpretation of provisions of new Companies Act, 2013, the Bombay High Court held that that the provisions for compulsory voting by postal ballot to the exclusion of an actual meeting do not … Continue reading

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